Brean Murray Carret

Brean Murray Carret remains Hold rated with no price target on Hewlett Packard (NYSE: HPQ). Brean Murray Carret comments, "HP's multiyear restructuring plan is expected to generate run rate cost savings of approximately $3bn to $3.5bn exiting fiscal year 2014 partially by cutting off 27,000...

Brean Murray Carret reduces its rating on NetApp (NASDAQ: NTAP) from Buy to Hold and removes its previous $50 price target. Brean Murray Carret notes, "We're moving to Hold from Buy for now as the July Q revenue softness we spoke of in our preview is substantially greater than we'd envisioned and...

Listed below are today's top pre-market Upgrades at Benzinga: Canaccord Upgrades Total SA (NYSE: TOT) to Hold: Canaccord went on to say “The past two months have seen little sign of the typical defensiveness from the European integrated oils. We don't think this is too surprising, since 1) the...

Brean Murray Carret reiterates its Buy rating on Dell (NASDAQ: DELL) and reduces its price target from $21 to $16. Brean Murray Carret comments, "Dell missed Street revenue and EPS although GM was intact at 22.0% (in‐line with our estimate) – revenue of $14.4B was 3% softer than Street of $14.9B...

Brean Murray Carret reiterates its Buy rating and $61 price target on Tech Data Corp (NASDAQ: TECD) following the latest quarterly results. Brean Murray Carret comments, "After adjustments, TECD delivered an in‐line revenue Q with strong EPS upside from strong margins. As a result, we're raising...

Brean Murray Carret maintains its Buy rating and $32 price target on EMC Corporation (NYSE: EMC) following the announcement of the company's newest offerings. Brean Murray Carret says, "Yesterday, at EMC World, the company announced a number of new products and updates – another step in EMC's...

Listed below are today's Top Upgrades at Benzinga: Guggenheim Upgrades Nabors Industries (NYSE: NBR) to Buy: Guggenheim commented in the report, "Our upgrade of Nabors Industries to Buy from Neutral (target $22) is first and foremost a valuation call, supported by a detailed sum of the parts NAV...

Brean Murray Carret lowers its price target on Guess (NYSE: GES) from $42 to $35 as it reiterates its Buy rating on shares. Brean Murray Carret comments, "We are reiterating our Buy rating, but slashing our FY13 EPS projection to $2.22 (from $2.61) and FY14 EPS estimate to $2.66 (from $3.08) and...

Brean Murray Carret raises its rating on Alpha Natural Resources (NYSE: ANR) from Hold to Buy with a $15 price target. Brean Murray Carret comments, "In our opinion, the fundamentals and outlook of the company and the met coal market did not materially change over recent weeks. What did change is...

Brean Murray Carret initiates its coverage on Penn Virginia Corporation (NYSE: PVA) with a Buy rating and a price target of $10 a share. Brean Murray Carret notes, "We are initiating coverage of Penn Virginia Corporation with a Buy rating and a $10/share price target, equal to 75% of our risked...

Brean Murray Carret upgrades American Eagle Outfitters (NYSE: AEO) from Hold to Buy and establishes a price target of $23. Brean Murray Carret notes, "We are raising our rating for AEO to Buy (from Hold), instituting a price target of $23 and raising our FY13 EPS projection to $1.25 (from $1.10)...

Brean Murray Carret reduces its price target on eLong (NASDAQ: LONG) from $22 to $17. Brean Murray Carret notes, "Net revenue came in at RMB153 million (+23% YoY), below our expectation of RMB158 million.  Specifically, hotel revenue grew 36% YoY on strong volume growth (67% YoY) partially...

Listed below are today's Top Upgrades at Benzinga: KeyBanc Capital Markets Upgrades G&K Services (NASDAQ: GKSR) to Buy: KeyBanc Capital Markets says, "We have become more favorable toward GKSR primarily due to our view that the Company has a significant cost takeout catalyst that could alone...

Brean Murray Carret raises its rating on Ctrip.com International (NASDAQ: CTRP) from Sell to Hold and suspends its price target of $19 on shares. Brean Murray Carret comments, "We upgrade CTRP shares from Sell to Hold, as the stock has reached our previous target price with the recent sell‐off...

Brean Murray Carret increases its price target from $41 to $42 on Buy-rated American States Water Company (NYSE: AWR) following solid results for Q1. Brean Murray Carret comments, "AWR posted a solid 1Q12. Revenue in the quarter of $106.6 million (a 13% YoY increase) was ahead of our $101.9...